v3.25.2
Summary of Significant Accounting Principles (Tables)
12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Principles [Abstract]  
Schedule of Significant Consolidated Subsidiaries

The following presents our significant consolidated subsidiaries, all of which are wholly owned either directly or indirectly by Webull Corporation:

 

Significant Subsidiary   Date of Incorporation/Establishment   Domicile Location   Principal Activity
Webull Financial LLC   May 24, 2017   United States   Broker Dealer
Webull Holdings (US) Inc.   May 16, 2017   United States   Holding Company
Webull Holdings (Singapore) Pte. Ltd.   May 12, 2021   Singapore   Holding Company
Webull Securities (Singapore) Pte. Ltd.   May 12, 2021   Singapore   Broker Dealer
Webull Securities Limited   December 11, 2017   Hong Kong   Broker Dealer
Webull Securities (Japan) Co., Ltd.*   March 23, 1948   Japan   Broker Dealer
HongKong Webull Limited   September 19, 2019   Hong Kong   Holding Company
Hunan Weibu Information Technology Co., Ltd.   September 6, 2021   Mainland China   Technology Support and Development Subsidiary
*Formerly known as Madison Securities Co., Ltd.
Schedule of Property and Equipment

Our property and equipment, except for land, is carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives:

 

Property and Equipment   Useful Life
    (in Years)
Land   N/A
Office buildings   30 – 39
Building improvements   5
Site improvements   15
Electronic equipment   3 – 5
Office equipment   3 – 10
Leasehold improvements   Shorter of lease term or useful life
Schedule of Intangible Assets and Useful Lives

Our intangible assets and their respective useful lives are presented below:

 

Intangible Assets   Useful Life
    (in Years)
Domain   Indefinite
Operating license   Indefinite
Stock exchange trading right   Indefinite
Trademarks   Indefinite
Copyrights and patents   10
Software   2